(Newser)
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The Commerce Department delivered a welcome bit of positive economic news today, reporting that consumer spending shot up 0.8% in July. That's the metric's best move in five months, and more or less laps the 0.4% to 0.5% economists had expected, the Wall Street Journal reports. Part of the reason: Income was on the rise, too, climbing 0.3% thanks to wage and salary growth.

Newser: Weather experts predict sun to rise in the east. Newser Losers: Fucking Obama has set us on a course to crash into the sun! WAKE UP, SHEEPLE!

DontLikeYou

Aug 29, 2011 11:18 AM CDT

More bullshit being shoveled by the government media. The people are learning quickly that we are being fed a steady diet of lies by this administration.

i2ollingstone

Aug 29, 2011 10:44 AM CDT

The wealthy are spending more but that's only because the boutiques are less busy with the common folk pretending to be able to afford to shop at places like The Americana Manhasset. Edit: not to mention they're building another huge upper-upper class shopping center in Carle Place or Garden City as well right by the Roosevelt Field Mall. It's going to be shops of Gucci and Hirsheifers caliber and consumer spending will go up again -- but not by people of my station.